Announcement about Tendering of the Global Trade Connectivity Network (GTCN)

In November 2017, the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced the joint development of the Global Trade Connectivity Network (GTCN), a cross-border infrastructure based on distributed ledger technology, to digitalise trade and trade finance between the two cities and potentially with an aim to expanding the network in the region and globally.